Jamieson is pleased to announce it has advised the management team of Babble on its management buyout backed by Graphite Capital with LDC retaining a minority stake. The transaction values the unified communications, cloud contact centre and cyber security provider at £90 million.
Based in the UK, Babble supports around 2,000 medium-sized companies operating in a wide range of sectors including financial, health and education, travel and accommodation, and public services. Its integrated communications proposition enables clients to improve efficiency, enhance customer service, increase revenue, reduce costs and remain secure in the digital world. Babble has long-standing relationships with leading suppliers such as Five9, Evolve IP, Gamma and Microsoft, providing them with a sales channel into the fragmented SME market.
The Jamieson team of Stuart Coventry, David Kirkpatrick and Rowan Wright advised the Babble management team on their reinvestment in the new structure as well as the terms of the new management equity incentive.